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Exam (elaborations)
MGMT 322 Question and answers
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MGMT 322 Question and answers Employee turnover - employees leaving the organization Involuntary turnover - occurs when the organization requires employees to leave, often when they would prefer to stay ex)Terminating an employee for drug use or laying off employees during a downturn. Voluntary turnover - occurs when employees initiate the turnover, often when the organization would prefer to keep them. Ex)employees may leave to take another job or retire Why is turnover such a big deal?(5) - 1. Lost employee = lost productivity 2. Recruitment costs 3. Selection process (tests, interviewer time, etc) costs 4. Learning curve for new Employees 5. Training new employees takes time away from managers and peer
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